03:48 PM EST - Homburg Canada Real Estate Investment Trust : announced today that it has entered into a binding agreement with Scotiabank whereby the REIT will acquire a 50% interest in the 607,360-square-foot Scotia Centre, situated in the core business and retail area of downtown Calgary. The purchase price is $116 million, which represents a going-in capitalization rate of approximately 7.4%, and is accretive to adjusted funds from operations. Homburg Canada Real Estate Investment Trust
shares T.HCR.UN are trading up $0.07 at $12.25.
